Valley Cottage, NY -- (SBWire) -- 11/07/2017 --Future Market Insights delivers key insights on the global fluoropolymers market in its latest report titled 'Fluoropolymers Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027).' The long-term outlook on the global fluoropolymers market remains positive, with market value expected to increase at a CAGR of 5.1% during the forecast period (2017 – 2027). The industrial & equipment segment is expected to remain a key end-use segment, accounting for over one-fourth of the total shares in the global market throughout the forecast period. Global sales of fluoropolymers is estimated to be valued at over US$ 8 Bn by the end of 2017. APEJ is estimated to account for a major value share in the global fluoropolymers market by 2017 end and is anticipated to retain its dominance throughout the forecast period. In this report, Future Market Insights throws light on the drivers and restraints likely to impact the market during the forecast period.
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Regional Market Projections
North America and APEJ regions collectively are estimated to account for more than 60% share in the overall global fluoropolymers market by the end of 2017. APEJ is the largest regional market for fluoropolymers, projected to hold a value share in excess of 45% by the end of the forecast period in 2027. Consumption of fluoropolymers in the APEJ region is expected to grow 1.7x between 2017 and 2027. The North America fluoropolymers market is expected to create incremental $ opportunity of US$ 2,677.2 Mn between 2017 and 2027. This growth can be attributed to a high demand from the chemical and automotive industry.
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Vendor Insights
The report highlights some of the key companies operating in the global fluoropolymers market such as The Chemours Company, Arkema Group, Solvay sa., DAIKIN INDUSTRIES Ltd., Asahi Glass Co., Ltd., 3M Company, Saint Gobain S.A., Polyflon Technology Ltd., Dongyue Group Ltd, Honeywell International Inc. Key market players are focussing on developing novel products and production technologies and decreasing the overall processing costs.
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Market Dynamics to Escalate Demand for Fluoropolymers Throughout 2017-2027
Future Market Insights has announced the addition of the “Fluoropolymers Market: Global Industry Analysis and Opportunity Assessment, 2017-2027"report to their offering.